In the 2013-2014 Union Budget,Finance minster P.Chidambaram announced a plan to boost infrastruction growth in the country.It was similar to the country.It was similar to what the Centeral Government had done in the previous budgets,but with a difference. chidambaram's view was that the infrastrustion sector needed large volumes of investment. So he emphassied the need to create " new and innovation instruments to mobile funds.To meet the infrastructure investment target get of Rs 55 lakh crore in the 12th plan.
To Encouragement investment in infraustion ,13 public sector compaines were sanctioned permission to issue tax-free bonds totalling Rs 50,000 crore in 2013-14 .
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